BE PREPARED FOR THE WORST: In this bear market,I have learnt that the worst could happen,so we should always prepare for the worst.Many have lost up to 80% of their portfolio to this bear market because they are not expecting the worst to happen,unfortunately,they are caught up in it.If they had prepare for the worst,they could have done something about their portfolio at the beginning of the bear market.
DECISION BASED ON PAST EXPERIENCE MAY NEVER BE THE RIGHT ONE:It may be risky to base your decision on assumption.At the beginning of this bear market,there was a lot of assumption,many so sure that before we close our eyes and open,bull run will be here.Nobody ever expect the bear market to be this long,so, many decision made base on this assumptions as lead to frustration today.
In crypto,today you are up and tomorrow you are down.
To those caught up in it,you can only hope for the best,dont give up.
Where did you come up with the idea that Bear market doesnt last this long? Seems like youre still new to this. Bear market last long, its only Bull Market that doesnt last that much. Bull can last for like months, but when bear kicks in then its going to stay long (like two years or so, based on my past experience). So anyone who decided to leave their money should be ready to have patience for that long or you sell at loss.